This book is writtenen for students whose careers will require a substantial apprectiation and   understanding of financial accouting and reporting issues, problems,and practices. While we believe a good ase could be made that our audience includes all business majors, we view sstudents pursuing careers in public accouting,corporate accounting, investment or commercial banking, consulting, investment management , financial   management, and general   management, as well as future entrepreneurs, as our primary audience. The text, cases, and problems were written with diverse interests of these students in mind.

    This book differs from more traditional texts covering similar topics in two principal ways. The First is our focus on the issues, concepts, and divergent perspectives that have led to existing financial accounting and repoting standards. The intended result is a learning experience that is less procedural and more conceptual than that associates with the use if most other accounting textbooks.

Part 1. The Institutional Setting and Fundamental Accounting
Concepts
Part 2. The Measurement and Reporting of Income, Financial
Position, and Cash Flows
Part 3. The Measurement and Reporting of Assets
Part 4. The Measurement and Reporting of Liabilities
Part 5. The Measurement and Reporting of Stockholders'
Equity
Part 6. Selectied Reporting and Disclousre Issues and
Assessing the Quality of Reported Earnings and
Financial Position
,etc.